Home› India› Central Electricity Regulatory Commission› In pursuance of Clause 56 vi of the Ministry of Power MOP No...
Date: 18-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

In pursuance of Clause 56 vi of the Ministry of Power MOP Notification on Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensee dated 1901 2005 as amended from time to time

Issued by Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This extraordinary gazette notification from the Central Electricity Regulatory Commission (CERC), dated September 18, 2024, announces monthly escalation rates for power procurement payments. These rates apply to payments made by distribution licensees under power purchase agreements established according to specific guidelines.
  • The notification cites several previous guidelines and communications as the basis for these escalation rates, including a Ministry of Power (MOP) notification dated January 19, 2005, and subsequent amendments.

Key Changes

  • The CERC has announced monthly escalation rates for August 2024 for power procurement payments by distribution licensees.
  • The escalation rates are as follows: -2.67% for imported coal, 3.43% for transportation of imported coal, and 0.38% for inland handling of imported coal.

Impact Analysis

Impact on Distribution Licensees

  • Licensees need to adjust their budgeting and financial forecasting to reflect these changes.

Impact on Power Producers

  • Producers should review their contracts and financial projections to account for these adjustments.

Impact on Consumers

  • Further analysis is needed to determine the overall impact on consumer electricity bills.

Suggested Action Items

  • Regulatory bodies should monitor the impact of these changes on electricity prices and consumer affordability.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The issuing authority of the gazette notification. Responsible for regulating the electricity sector in India. Ministry of Power (MOP): The ministry responsible for formulating policies related to the power sector in India. Several of its notifications and communications are referenced in the gazette. Distribution Licensees: Entities responsible for distributing electricity to consumers. They are directly impacted by the announced escalation rates. Power Producers: Entities generating electricity and selling it to distribution licensees. Their revenue is affected by the escalation rates. Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees (dated 19.01.2005): A key document referenced in the notification, outlining the process for determining electricity tariffs through bidding. Guidelines for long term Procurement of Electricity from Thermal Power Stations (dated 06.03.2019): Another key document referenced in the notification, outlining guidelines for long-term electricity procurement from thermal power stations.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18092024-257215 xxxGIDHxxx CG-DL-E-18092024-257215 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 728] नई दिल्ली, बुधवार, जसतम्ब र 18, 2024/भाद्र 27, 1946 No. 728] NEW DELHI, WEDNESDAY, SEPTEMBER 18, 2024/BHADRA 27, 1946 dsUæh; fo|qr fofu;ked vk;kxs अजधसचू ना नई दिल्ली, 30 अगस्ट् त, 2024 l-abZdks&,e08@2024&dsfofovk-—Þforj.k vuqKfIr/kkfj;ks a }kjk ÅtkZ dh mikfIRk ds fy, cksyh çfØ;k }kjk VSfjQ dk vo/kkj.k djus gsrq ekxZn'kZd fl)karß ls lacaf/kr fo|qr e=a ky; dh le;≤ ij ;Fkkla'kksf/kr rkjh[k 19-01-2005 dh vf/klwpuk ds [kaM 5-6 ¼vi½ ds vuqlj.k es]a dsUnzh; fo|qr fofu;ked vk;ksx dks fo|qr e=a ky; ds i= fnukad 13-04-2022 vkSj **'kfDr ¼Hkkjr es a dks;yk] ikjn'khZ :Ik eas vkcafVr djus oky s vkSj gkusZflax ds fy, ;kstuk½ uhfr** fnukad 06-03-2019 ds ch¼I½] ch¼III½ vkSj ch¼IV½ ds v/khu dks;y s ds vkcaVu lfgr ekWMy cksyh nLrkostks a ds v/khu ;FkkçnÙk fMtkbu] fuekZ.k] foÙk] LokfeRo vkSj çpkyu ¼Mhch,Qvksvks½ vk/kkj vkSj lzksr bZa/ku ij LFkkfir FkeZy ikoj LVs'kuksa ls fo|qr dh nh?kZdkfyd mikfIr ds fy, ekxZfunsZ'k** ds la'kk/s ku ij fnukad 11-07-2022 ds çLrko ds vuqlj.k esa] dsfofovk Hkqxrku ds iz;kstu ds fy, fuEufyf[kr o`f) njks a dks vf/klwfpr djrk gSA mijksä ekxZfunsZ'kks a ds varxZr gq, ÅtkZ Ø; djkj ds vuqlkj forj.k vuqKfIr/kkfj;ksa }kjk ÅtkZ dh mikfIRk ds fy, lank; ds ç;kstu ds fy, vxLr 2024 gsrq ykxw ekfld o`f) njsa% Ø- la- fooj.k Hkqxrku gsrq ekfld o`f) nj 1- vk;kfrr dks;y s ds fy, o`f) nj -2.67% 2- vk;kfrr dks;y s ds ifjogu ds fy, o`f) nj 3.43% 5945 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 3- vk;kfrr dks;y s dh varnZs'kh; mBkbZ&/kjkbZ ds fy, o`f) nj 0.38% gjizhr flag çqFkh] lfpo [जवज्ञापन-III/4/असा./498/2024-25] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 30th August, 2024 No. Eco-M08/2024-CERC.—In pursuance of Clause 5.6 (vi) of the Ministry of Power (MOP) Notification on “Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees” dated 19.01.2005 as amended from time to time, MOP communication to the Central Electricity Regulatory Commission (CERC) dated 13.04.2022, and MOP Resolution dated 11.07.2022 on an amendment to the “Guidelines for long term Procurement of Electricity from Thermal Power Stations set up on Design, Build, Finance, Own and Operate (DBFOO) basis and sourcing fuel as provided under Model Bidding Documents including allocation of coal under B (I), B(III) and B(IV) of SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy” dated 6.03.2019, the CERC notifies the following escalation rates for the purpose of payment. Monthly Escalation Rates applicable for August 2024 for the purpose of payment for Procurement of Power by Distribution Licensees as per the Power Purchase Agreement entered into under the Guidelines mentioned above: Sr. Description Monthly Escalation Rates No. for Payment 1 Escalation rate for imported coal -2.67% 2 Escalation rate for transportation of imported coal 3.43% 3 Escalation rate for inland handling of imported coal 0.38% HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./498/2024-25] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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